Blog > News that Matters > Dollar Weakness: The strong Euro is destroying jobs
 | Email This Article Email This Article  | 

Dollar Weakness: The strong Euro is destroying jobs

Posted November 21, 2007

“The rising euro is really destroying jobs, but hardly any attention is being paid to it anymore. It’s odd because the exchange rate is, at the moment, incredibly important for our continued economic growth.” — Peter Bofinger

Blogger’s Note: Peter Bofinger is one of the “Wise Men” that the German government relies on for accurate forecasts of the economic future. Other than most financial editors, the man actually knows what he is talking about. I highly recommend you read this interview with the German magazine Der Spiegel.

Baltimore — (TFN): The strong euro — and weak dollar — is making it increasingly difficult for European companies to do business overseas. SPIEGEL ONLINE spoke with German government economic advisor Peter Bofinger about the dangers of an unfettered euro and what the European Central Bank should do.

Click here to read the interview.

***Don’t forget to watch this weekend’s Smart Trading Action Alert: Smart Trading Action Alert: Given the beating some blue chips have taken in recent weeks, select small-cap stocks now provide opportunities for safe profits. Ian Cooper explains.

****Make sure you sign up for our FREE TFN News Feed for breaking news, special reports and new financial videos. Click here to pick your favorite reader. If you prefer to have the feed delivered to your email, just click here.

Related Articles


Posted by TFN · Filed Under News that Matters 

Comments

close Reblog this comment
Powered by Disqus · Learn more
blog comments powered by Disqus